utility

when we add up utility derived from consumption of all the units of the consumption, we get :

• total utility

• initial utility

• marginal utility

marginal utility in terms of money is equal to:

• $\frac{m\arg inal\ utility\ in\ utils}{m\arg inla\ utility\ of\ one\ rupee}$

• $\frac{m\arg inal\ utility\ of\ one\ rupee}{m\arg inal\ utility\ in\ utils}$

• $\frac{m\arg inal\ utility\ in\ utils}{price\ of\ the\ commodity}$

total utility is ___________ at the point of satiety.

• minimum

• maximum

• zero

marginal utility (MU) of n^th unit is calculated as:

• MU_n= TU_n - TU_n-1

• MU_n= TU_{n +} TU_n-1

• MU_n= TU_n - TU_n+1

• MU_n= TU_n -+ TU_n+1

How TU is derived from MU?

• TU = $\sum_{ }^{ }MU$  

• TU=  $\ U_1+U_2+U_{3_{ }}..........\ U_n$  

• TU=  $MU_n+MU_{n_{ }-1}$  

• TU= $MU_n-MU_n\ \ _{-1}$  

what happens to MU when TU is maximum?

• MU is negative

• MU is zero

• MU is decreasing

• MU is increasing

In case of cardinal utility approach, utility is measured in :

• Rupees

• ranks

• utils

cardinality means utility can be:

• measured

• ranked

• not measured

The total utility derived by shyam by eating 6 apples is 300 utils. Marginal utility of the 7th apple os 30 utils. the total utility for 7 apples will be ______________ utils.

• 330

• 300

• 270

• 30

Utility :

• differs from person to person

• differs from time to time

• can be easily measured

• all of these